This year, industry news was dominated by the largest senior living operator in the nation, Brookdale Senior Living (NYSE: BKD). It’s not surprising that the industry behemoth generates a lot of reader interest, but the Brentwood, Tennessee-based provider created a lot of news this year with its ongoing efforts to find the formula for success […]
The president and COO of Capital Senior Living (NYSE: CSU), one of the largest senior living operators in the country, has died after a battle with cancer. Keith Johannessen, who was also a member of the company’s board of directors, passed away on Dec. 20, according to a press release issued Wednesday. “Keith was a […]
Shareholders have now given approval for the formation Colony NorthStar Inc., a behemoth real estate investment trust (REIT) that will have $58 billion of assets under management—including senior housing properties. The new company will be created by the merger of Colony Capital Inc. (NYSE: CLNY), NorthStar Asset Management Group Inc. (NYSE: NSAM), and NorthStar Realty Finance Corp. […]
Mainstreet Acquires Three Memory Care Communities for $44.3 Million Mainstreet Health Investments Inc. (TSX: HLP-U) entered into an agreement to acquire a portfolio of three memory care communities, totaling 171 units, for the purchase price of $44.3 million, representing a year one capitalization rate of 7.85%. . The communities are located in Little Rock, Arkansas, […]
Performance should be solid for nonprofit continuing care retirement communities (CCRCs) in 2017, with more pricing power able to offset challenges in areas such as labor, according to a new report from Fitch Ratings. “I think the sector is in a good spot,” Fitch Analyst Jim LeBuhn, one of the report authors, told Senior Housing […]
LifeSpire of Virginia Welcomes Hospitality Ambassador LifeSpire of Virginia appointed Sally San Soucie to the newly created position of hospitality ambassador. In the new role, San Soucie is responsible for establishing hospitality standards across LifeSpire’s four continuing care retirement communities (CCRCs) in Virginia, developing a detailed curriculum in hospitality training for all LifeSpire employees and […]
As the country heads into a new year with a new president, the housing market in 2017 is predicted to vary widely from one state to the next. People looking to move into senior living may find it easier to sell their homes in the “hot markets” next year. If seniors are looking to sell […]
Senior Quality Lifestyles Corporation (SQLC) is in talks to purchase senior living management company Seniority from Cornerstone Affiliates, the parent company of be.group and ABHOW, among its family of senior living companies. The deal, a strategic disposition, comes several months following the major merger of be.group and ABHOW. Seniority manages seven communities in California and […]
NHI Acquires $74 Million CCRC in Connecticut Real estate investment trust (REIT) National Health Investors, Inc. (NYSE: NHI) acquired an entrance-fee continuing care returned community (CCRC) in North Branford, Connecticut, for $74 million. The CCRC will be leased to NHI’s current tenant, Senior Living Communities, based in Charlotte, North Carolina. The lease term is 13 […]
Major skilled nursing real estate investment trust (REIT) Omega Healthcare Investors (NYSE: OHI) saw a positive third quarter, with a handful of acquisitions—the largest being a $337 million deal, which included 31 skilled nursing facilities. The Hunt Valley, Maryland-based REIT completed $428 million in new investments during the third quarter, with a large portion coming from […]
